| Trade in Services | ||||||||||||||||
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The ASEAN Framework Agreement on Services (AFAS) aims to eliminate restrictions to trade in services and enhance cooperation in services within ASEAN. Negotiations on AFAS began in 1996 and to-date, four rounds of negotiations have been completed. The Protocol to implement the Fifth Package of Commitments under the ASEAN Framework Agreement on Services has begun. The packages signed by the ASEAN Economic Ministers provide the following main details of commitments from each ASEAN country to the others:
Through these commitments, ASEAN services suppliers can expect an increasingly freer trade regime. Furthermore, ASEAN countries are working on the expansion of negotiations to cover all sectors and all modes of supply. Steps are being taken to achieve a free flow of services by 2020 or earlier. |
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| Mutual Recognition Arrangements for Services | ||||||||||||||||
| Mutual Recognition Arrangements (MRAs) is the more recent development in ASEAN cooperation in trade in services. MRAs enables the qualifications of professional services suppliers to be mutually recognised by signatory member countries, hence facilitating easier flow of professional services providers in ASEAN region. The MRA on Engineering Services and MRA on Nursing Services had been concluded and signed. |